Electric Car Demand Slows as Government Grant Fails to Boost Sales
Electric car sales growth has slowed significantly in November, with only a marginal increase of 3.6% compared to the same period last year, according to figures from the Society of Motor Manufacturers and Traders (SMMT).Key TakeawaysNew EV registrations rose by just 40,000 in November.The government's Electric Car Grant hasn't boosted sales as expected.Tax plans for electric vehicles announced in the Autumn Budget are likely deterring buyers.November saw only a quarter of new car registrations being EVs, falling short of expectations despite the introduction of an incentive scheme offering up to £3,750 off select models. The government's ZEV Mandate aims for 28% of all sales this year but is currently at 22.7%, underscoring a significant gap.Notably, no pure electric cars made it into the...